AllianceBernstein appoints new chairman, CEO

Staff Writer | New York, N.Y., USA | May 3, 2017

May 3, 2017, New York, N.Y., USA - AllianceBernstein, an investment management firm, announced that it has appointed Robert B. Zoellick chairman of the board of directors and Seth Bernstein president and chief executive officer.

Robert B. Zoellick served as the eleventh President of the World Bank Group from 2007 to 2012.

Previously, Mr. Zoellick served as Vice Chairman, International of the Goldman Sachs Group, Managing Director, and Chairman of Goldman Sachs' Board of International Advisors from 2006 to 2007.

Mr. Zoellick served as Deputy Secretary of the U.S. State Department from 2005 to 2006 and in the cabinet as U.S. Trade Representative from 2001 to 2005.

Additionally, in the George H.W. Bush and Reagan Administrations, Mr. Zoellick served as an Under Secretary of State, White House Deputy Chief of Staff, Counselor to the Secretary of the Treasury, and Deputy Assistant Secretary of the Treasury for Financial Institutions Policy.

From 1993-97, he was Executive Vice President for Housing and Law at Fannie Mae.

Seth Bernstein has had a distinguished 32-year career at JPMorgan Chase & Co., and most recently he was Managing Director and Global Head of Managed Solutions and Strategy at JPMorgan Asset Management.

In this role, he was responsible for the management of all discretionary assets within the Private Banking client segment.

Among other roles, Mr. Bernstein was Managing Director and Global Head of Fixed Income & Currency for ten years, concluding in 2012.

AllianceBernstein also announced that Barbara Fallon-Walsh, Daniel G. Kaye, and Ramon de Oliveira will join the Board, along with Messrs. Zoellick and Bernstein.

Barbara Fallon-Walsh held several executive positions at The Vanguard Group between 1995 and her retirement in 2012.

She previously served in executive positions at Security Pacific Bank Corporation, which merged with Bank of America in 1992.

She is a director of AXA Financial, AXA Equitable and MONY Life Insurance Company of America.

Ms. Fallon-Walsh formerly served as a director of AXA Investment Managers S.A., AXA IM Inc. and AXA Rosenberg Group LLC.

Daniel G. Kaye served as Interim Chief Financial Officer and Treasurer of HealthEast Care System from January 2013 to May 2014.

Mr. Kaye retired from Ernst & Young LLP in 2012 after a 35-year career, including 25 years as an audit partner, during which he gained extensive financial services experience.

Mr. Kaye is a director of AXA Financial, AXA Equitable, MONY Life Insurance Company of America and AXA Insurance Company.

Ramon de Oliveira is the Managing Director of the consulting firm Investment Audit Practice, LLC.

Previously, Mr. de Oliveira held several executive positions at JPMorgan & Co. over the course of a 24-year tenure, including five years as the Chairman and Chief Executive Officer of JPMorgan Investment Management.

Mr. de Oliveira was also a member of the firm's Management Committee since its inception in 1995.

He is a director of AXA Financial, AXA Equitable and MONY Life Insurance Company of America. ■